Federal Reserve Chair Jerome Powell begins his semi-annual testimony to Congress, emphasizing that the US central bank is in no rush to adjust interest rates due to a stronger economy and a less restrictive policy stance. However, Powell notes to US lawmakers that adjustments could occur if inflation or the labor market changes unexpectedly. Yahoo Finance senior Fed reporter Jennifer Schonberger is on the scene providing the latest details from Capitol Hill. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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